Japanese Mutual Aid Society Of Chicago
- Assets
- $1.3m
- Revenue
- $63.7k
- Investments
- $919.3k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1978
- Data as of
- 12/2021
- EIN
- 36-2996629
Organization Overview
Japanese Mutual Aid Society Of Chicago is located in Chicago, IL. The organization was established in 1978. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japanese Mutual Aid Society Of Chicago is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Japanese Mutual Aid Society Of Chicago generated $63.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $67.8k during the year ending 12/2021. While expenses have increased by 18.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ASSISTANCE WITH BURIALS, GRANTS AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOTS FOR BURIAL FOR PERSONS PRIMARILY OF JAPANESE HERITAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Kanemoto Executive Director | Trustee | 10 | $8,000 |
Gary Shimomura President | OfficerTrustee | 2 | $0 |
Neil Kanemoto Vice President | OfficerTrustee | 1 | $0 |
Brian Funai Assistant Secretary | OfficerTrustee | 1 | $0 |
Mary Samson Treasurer/secretary | OfficerTrustee | 2 | $0 |
Tad Tanaka Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,397 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,397 |
| Total Program Service Revenue | $24,880 |
| Investment income | $13,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,322 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,000 |
| Grants and other assistance to domestic individuals. | $2,347 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,000 |
| Compensation of current officers, directors, key employees. | $8,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,405 |
| Office expenses | $850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $661 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,286 |
| All other expenses | $877 |
| Total functional expenses | $67,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $309,314 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $919,325 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,298,939 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,286,939 |
| Net assets with donor restrictions | $12,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,298,939 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Japanese Mutual Aid Society Of Chicago has recieved totaling $1,132.
| Awarding Organization | Amount |
|---|---|
Ishida-Winlfred Foundation Downers Grove, IL PURPOSE: ALL CONTRIBUTIONS WERE MADE FOR THE GENERAL, CHARITABLE, EDUCATIONAL OR SCIENTIFIC PURPOSE OF EACH ORGANIZATION. | $1,132 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Randhill Park Cemetery Assn Inc Care Fund Arlington Heights, IL | $67,086,358 | $16,422,833 |
Battle Grove Cemetery Cynthiana, KY | $1,665,318 | $574,815 |
Catholic Cemeteries Of Waterloo Inc Waterloo, IA | $1,039,745 | $276,727 |
Evergreen Cemetery Assn Fort Atkinson, WI | $2,118,983 | $225,226 |
Monticello Cemetery Co Monticello, KY | $810,718 | $235,054 |
Womens Cemetery Improvement Association Charles City, IA | $2,844,590 | $115,921 |
Alton City Cemetery Alton, IL | $1,801,434 | $131,494 |
Oakwood Cemetery Beaver Dam, WI | $472,663 | $91,874 |
Maplewood Cemetery Perpetual Care Fund Muncie, IN | $1,592,046 | $140,254 |
Springdale Cemetery Company Clinton, IA | $555,122 | $54,653 |
Japanese Mutual Aid Society Of Chicago Chicago, IL | $1,298,939 | $63,657 |
Lutheran Cemetery Association Stoughton, WI | $316,332 | $65,647 |